Stock Market LIVE: Sensex Loses Over 250 Points, Nifty Down Nearly 80 Points; BLS International Slumps 18%
The Nifty 50 and Sensex were trading 0.34% and 0.39% down, respectively as of 10:11 a.m. Follow NDTV Profit's blog for updates on stock price movement, views from analysts, and Q2 earnings update.
KEY HIGHLIGHTS
Nifty 50|Sensex| Stock Market Today: Tata Capital Shares Make Muted Debut After Tepid IPO Bids
Tata Capital Ltd. listed at a small premium over its IPO price on Monday, becoming the 17th Tata Group company to be publicly traded. The share price opened at Rs 330 on both the NSE and BSE, compared to the issue price of Rs 326.
In the unlisted or grey market, shares of Tata Capital indicated no listing day gains.
Track live update on listing here.
Stock Market LIVE: Tata Capital Lists Muted On NSE And BSE
Tata Capital Ltd. listed at a small premium over its IPO price on Monday, becoming the 17th Tata Group company to be publicly traded. The share price opened at Rs 330 on both the NSE and BSE, compared to the issue price of Rs 326.
Read more about it here
Stock Market LIVE: Tata Sons' Listing Unfavourable For Tata Trusts, Sources Say
Tata Trusts, which holds a controlling 66% stake in Tata Sons Pvt., is generally unfavorable towards listing of shares on the stock market, according to sources.
The philantrophic body derives significant CSR funding for their charitable activities from the dividends of Tata Sons and seek to maintain their traditional governance structure.
Nifty 50|Sensex| Stock Market Today: Reliance Power Share Price Drops Over 10%
Reliance Power share price slumped 10.35% to Rs 43.55 apiece, the lowest level since Aug 18. The stock pared some losses to trade 5.31% down at Rs 46.03 apiece as of 9:48 a.m. compared to 0.22% decline in the NSE Nifty 50 index.
Stock Market LIVE: BLS International Share Price Slumps 18% As It Gets Debarred From Participating In MEA Tenders
BLS International Services share price slumped 17.86% to Rs 276.95 apiece, the lowest level since March 13, 2024. The company informed the exchanges that it got debarred from participating in future tenders from the Ministry of External Affairs, and Indian Mission projects.
Ongoing projects with MEA will continue. The company said the imapct from restriction is unlikely to impact the financial performance. MEA contributed 12% of revenue and 8% of Ebitda.
